Amazon.com, Inc. (NASDAQ:AMZN – Free Report) – Investment analysts at Wedbush increased their Q1 2024 earnings estimates for shares of Amazon.com in a research note issued to investors on Friday, August 4th. Wedbush analyst M. Pachter now anticipates that the e-commerce giant will post earnings per share of $0.37 for the quarter, up from their previous forecast of $0.35. Wedbush currently has a “Outperform” rating and a $170.00 target price on the stock. The consensus estimate for Amazon.com’s current full-year earnings is $1.55 per share. Wedbush also issued estimates for Amazon.com’s Q1 2025 earnings at $0.46 EPS.
Several other research analysts also recently weighed in on the company. JMP Securities increased their price target on Amazon.com from $140.00 to $175.00 and gave the stock an “outperform” rating in a research note on Friday. Truist Financial boosted their price target on shares of Amazon.com from $144.00 to $176.00 and gave the company a “buy” rating in a research report on Friday. Loop Capital raised their price objective on shares of Amazon.com from $140.00 to $180.00 in a report on Thursday, June 22nd. BNP Paribas raised shares of Amazon.com from an “underperform” rating to a “neutral” rating and set a $140.00 target price on the stock in a report on Friday. Finally, Mizuho increased their target price on Amazon.com from $160.00 to $180.00 and gave the stock a “buy” rating in a research report on Friday. Three investment analysts have rated the stock with a hold rating and forty-five have issued a buy rating to the company. According to data from MarketBeat.com, Amazon.com has a consensus rating of “Moderate Buy” and an average price target of $157.00.
Amazon.com Price Performance
Shares of NASDAQ AMZN opened at $139.57 on Monday. The firm has a market cap of $1.43 trillion, a price-to-earnings ratio of 109.90, a price-to-earnings-growth ratio of 2.67 and a beta of 1.26. The stock has a fifty day simple moving average of $128.34 and a two-hundred day simple moving average of $111.22. The company has a current ratio of 0.92, a quick ratio of 0.69 and a debt-to-equity ratio of 0.43. Amazon.com has a 1-year low of $81.43 and a 1-year high of $146.57.
Insider Activity at Amazon.com
In other news, CEO Adam Selipsky sold 10,760 shares of Amazon.com stock in a transaction that occurred on Monday, May 15th. The stock was sold at an average price of $110.33, for a total value of $1,187,150.80. Following the sale, the chief executive officer now directly owns 150,120 shares in the company, valued at approximately $16,562,739.60. The sale was disclosed in a filing with the SEC, which is available through this link. In related news, CEO Adam Selipsky sold 10,760 shares of the business’s stock in a transaction dated Monday, May 15th. The shares were sold at an average price of $110.33, for a total transaction of $1,187,150.80. Following the transaction, the chief executive officer now owns 150,120 shares in the company, valued at $16,562,739.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Douglas J. Herrington sold 4,000 shares of the stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $133.55, for a total transaction of $534,200.00. Following the completion of the transaction, the chief executive officer now directly owns 560,301 shares of the company’s stock, valued at $74,828,198.55. The disclosure for this sale can be found here. Insiders have sold a total of 73,305 shares of company stock worth $8,606,808 in the last 90 days. Company insiders own 12.30% of the company’s stock.
Hedge Funds Weigh In On Amazon.com
Institutional investors have recently added to or reduced their stakes in the company. USAdvisors Wealth Management LLC increased its position in Amazon.com by 12.5% during the 4th quarter. USAdvisors Wealth Management LLC now owns 3,242 shares of the e-commerce giant’s stock valued at $272,000 after buying an additional 359 shares in the last quarter. McGlone Suttner Wealth Management Inc. purchased a new position in shares of Amazon.com in the 4th quarter worth about $426,000. Veritas Asset Management LLP boosted its stake in Amazon.com by 19.6% in the 4th quarter. Veritas Asset Management LLP now owns 7,868,621 shares of the e-commerce giant’s stock worth $660,964,000 after purchasing an additional 1,286,797 shares in the last quarter. Mayfair Advisory Group LLC grew its position in Amazon.com by 12.0% during the 1st quarter. Mayfair Advisory Group LLC now owns 4,561 shares of the e-commerce giant’s stock valued at $468,000 after purchasing an additional 488 shares during the last quarter. Finally, Sarasin & Partners LLP increased its stake in Amazon.com by 0.7% during the 4th quarter. Sarasin & Partners LLP now owns 2,468,455 shares of the e-commerce giant’s stock valued at $207,350,000 after purchasing an additional 17,993 shares in the last quarter. Institutional investors own 56.67% of the company’s stock.
Amazon.com Company Profile
Amazon.com, Inc engages in the retail sale of consumer products and subscriptions through online and physical stores in North America and internationally. It operates through three segments: North America, International, and Amazon Web Services (AWS). The company’s products offered through its stores include merchandise and content purchased for resale; and products offered by third-party sellers.
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